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There's other threads on here you should read from businesses who were on the receiving end of new charges from Paymentsense. "We won't put your rates up but we might introduce new charges!" And anyway, their merchant accounts are from First Data and it's them who control the rates.
Your response says it all - technically correct but not really getting the spirit of it!
Your "disruptive" business is a total commodity. You resell First Data's processing and someone else's terminals, nothing more complex. Success is largely down to aggressive sales people rather than some...
It is pretty poor that they just introduce new charges without telling you and makes a mockery of their "Capped Rates" claim. I know LMDServices tries to defend this by differentiating between rates and charges but that makes it worse. To then go on and say "most companies introduce new...
To add to the thread, not all card providers/processors have is automatic contract extension. There are quite a few who don't albeit there are (unfortunately) quite a few who do. As kulture wisely said you either need to be sharp and get the cancellation in quickly or alternatively, go with...
Belinda, what rates did you get? I looked at that FSB deal but the £250 saving on set up fees seemed a bit false because no one else seems to charge set up fees
Thanks Peter. It sounds really expensive. I have heard of merchant accounts at around 2% plus gateway at 15p. Is there an online comparison tool I can use to work out what your total pricing means ?
i looked at merchantaccountchoice but it doesnt really help in uderstanding the total cost for my business. Is there anything out there which summarises my total cost - like gocompare ?